Rising Demand Drives Unmanned Underwater Vehicles (UUV) Market Healthy Growth by 2022
Chicago, IL -- (SBWIRE) -- 08/07/2017 -- According to the report, "Unmanned Underwater Vehicles (UUV) Market, by Type (ROV, AUV), Application (Commercial Exploration, Defense, Scientific Research, Miscellaneous), Payload (Sensors, Synthetic Aperture Sonar, Inertial Navigation Systems (INS), Cameras, Video Screens, Lighting Systems), Propulsion System (Electric Systems, Mechanical Systems, Hybrid Systems) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the market for Unmanned Underwater Vehicles (UUV) is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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KEY PREMIUM INDUSTRY INSIGHTS
1. Rise in scientific research is promoting the growth of the unmanned underwater vehicles market. Increase in research and development activities by marine and archeological departments is creating newer opportunities for the market growth.
2. In addition, recent rise in commercial applications such as surveys and seabed mapping, offshore drilling and pipeline inspection is boosting the market growth. Rise in demand for high powered remotely operated vehicles for ultra-deep ocean levels drilling is promoting the growth of the UUV market.
3. However, in developed economies such as the U.S., decline in military budgets is acting as a major market restraint hampering the growth of the UUV market.
The unmanned underwater vehicles market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Middle East and Africa region holds the highest market share and is the largest revenue contributor in the forecasted period of the unmanned underwater vehicles market. Due to the increasing activities related to oil and gas exploration, the UUV market in the MEA region is expected to continue growing at the same pace and during the forecasted period.
KEY MARKET PLAYERS
Key players in the Unmanned Underwater Vehicles (UUV) Market include:
1. Kongsberg Gruppen
2. Teledyne Technologies Inc.
3. Lockheed Martin Corporation
4. Saab Group
7. The Boeing Company
8. Oceanserver Technology, Inc.
9. Bluefin Robotics Corporation
10. Atlas EleKTronik GmbH
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